An additional funding package has been announced to target self-employed persons who are ineligible for the Self-Employment Income Support Scheme (SEISS).
A one-off grant of £4,000 is available for all eligible applicants.
Became self-employed on or after 6 April 2019 but before 17 March 2020 but are ineligible for the SEISS due to not filing a tax return for the 2018/19 year.
Became self-employed on or after 1 October 2019 and 6 April 2019 but are ineligible for the SEISS due to not being self-employed for a sufficient period of time in the 2018/19 year to earn 50% of total income from self-employment.
As well as the above eligibility criteria, applicants will also need to confirm:
They are resident in Scotland.
Are registered with HMRC as self-employed and have a valid Unique Tax Reference (UTR).
Trade as self-employed and not a limited company.
50% of total income earned must come from self-employment.
Trading profits were below £50,000 in the 2019/20 tax year.
Started in business before 17 March 2020 and are continuing to operate, where permissible.
Are ineligible for all other Covid-19 related business support grants.
Do not have access to sufficient savings or other sources of income to cover basic living costs.
This grant fund is yet to open but will do so in the coming days. It will only be available for a four-week period.